Read the full judgment text of on BabelCite. was delivered on 23 August 1999.
1. On 9 July 1999, the plaintiff obtained judgment against the defendants on the basis of a breach of a tenancy agreement of certain properties, and it was ordered that damages be assessed. During the course of the trial, the plaintiff discovered that the tenanted properties had been mortgaged to the Hongkong Bank on 4 March 1999 - a few days before the commencement of the trial. Mr Chang accepts that the defendants are vehicles to hold properties for the parent company. The plaintiff also recei